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Welcome to LCG’s look ahead to the key events in markets for the week starting July 3rd, 2017.
It’s the start of the third quarter and stock markets are still looking strong but volatility seems to be rising- particularly in the FTSE 100 and the Nasdaq. The end of quarter typically brings with it some portfolio rebalancing – that may go some way to explain the move out of tech stocks and perhaps UK equities.
The euro and the pound broke higher last week after some relatively hawkish commentary from the typically dovish ECB and Bank of England. Minutes from the Federal Reserve, PMI data and the UK inflation report hearings will likely play key roles as to whether the breakouts are sustained this week.
It’s also Independence Day in the US on Tuesday so big market players away for a long weekend could keep volumes low.
Watch the full video where we discuss these topics and more
Losses can exceed deposits.
Trading on Wall Street was lacklustre, with the S&P moving between small gains and losses before moving lower into the close. News that a meeting between President Trump and China’s President Jinping Xi was being pushed back into April served to dampen dem…Read more